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Dollar Tree says US$1.25 price point to become new standard

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Re: Dollar Tree says US$1.25 price point to become new standard

#81

Post by nickff »

goldenkey wrote: post #66
nickff wrote: post #61

Earlier quoted context omitted.

But not snark, according to the HN guidelines: > " Be kind. Don't be snarky. Have curious conversation; don't cross-examine. Please don't fulminate. Please don't sneer, including at the rest of the community. "

I'm simply stating a fact about the forum in the same spirit of parent's comment about our country. Any snark you detect is your implicit bias.

I am quite certain that your previous comment in this thread is correctly classified as snark:

>"critical or mocking comments made in an indirect or sarcastic way."

These kinds of comments are turning HN into Reddit.

Re: Dollar Tree says US$1.25 price point to become new standard

#82

Post by janitor61 »

waynecochran wrote: post #22

Along these line why is the US still minting pennies? At some point we could just start rounding to the nearest nickel (or dime). Also, why is gas always ab extra 9/10 of a penny? Reminds me of paying 3123 RON for a Big Mac in Romania -- that last digit is just noise at the consumer level.

If they were going to change anything, it would be likely to get rid of both the penny and nickel and use 1 decimal place for prices; the current US nickel already has a melt price/ face value of 124% currently (https://www.coinflation.com/), which is never a good thing

Re: Dollar Tree says US$1.25 price point to become new standard

#83

Post by officeplant »

0des wrote: post #53
jvalencia wrote: post #46

Earlier quoted context omitted.

Offer $5 & $10 coins

This isn't a Chuck E. Cheese, paper notes are just fine. Nobody asked "what about the guy who makes the yokes" when John Deere took his first spin.

Other countries saved money by getting ride of low denomination coins and swapping the highest used paper currencies to coin because it typically lasts longer.

Although recent studies have shown that since we finally improved paper currency's sturdiness the $1 bill is lasting long enough now to be worth keeping around.[1]

[1]https://www.gao.gov/products/gao-19-300

Re: Dollar Tree says US$1.25 price point to become new standard

#84

Post by RosanaAnaDana »

koolba wrote: post #27
kumarsw wrote: post #13

They have been selling for a dollar for 35 years. I'm really curious how their inventory has changed over this period. One 2020 dollar is 40 cents in 1985 dollars, but the cost of consumer goods has decreased significantly since 1985. So I wouldn't be surprised that their package sizes have not changed much. Related trivia: Between 1886-1959, the price of a bottle of Coke was a nickel [1]. [1] https://www.npr.org/sec…

Likely through shrinkflation: https://en.wikipedia.org/wiki/Shrinkflation Next time you’re at the supermarket check if the bacon brands you remember are still a pound. I bet many of them are now 12 ounces.

>Next time you’re at the supermarket check if the bacon brands you remember are still a pound. I bet many of them are now 12 ounces.

Coffee as well.

Re: Dollar Tree says US$1.25 price point to become new standard

#85

Post by skrebbel »

koolba wrote: post #27
kumarsw wrote: post #13

They have been selling for a dollar for 35 years. I'm really curious how their inventory has changed over this period. One 2020 dollar is 40 cents in 1985 dollars, but the cost of consumer goods has decreased significantly since 1985. So I wouldn't be surprised that their package sizes have not changed much. Related trivia: Between 1886-1959, the price of a bottle of Coke was a nickel [1]. [1] https://www.npr.org/sec…

Likely through shrinkflation: https://en.wikipedia.org/wiki/Shrinkflation Next time you’re at the supermarket check if the bacon brands you remember are still a pound. I bet many of them are now 12 ounces.

12 ounces is, apparently, 0.75 pounds. It's about 340 grams.

Re: Dollar Tree says US$1.25 price point to become new standard

#87

Post by ruined »

skrebbel wrote: post #85
koolba wrote: post #27

Earlier quoted context omitted.

Likely through shrinkflation: https://en.wikipedia.org/wiki/Shrinkflation Next time you’re at the supermarket check if the bacon brands you remember are still a pound. I bet many of them are now 12 ounces.

12 ounces is, apparently, 0.75 pounds. It's about 340 grams.

good bot

Re: Dollar Tree says US$1.25 price point to become new standard

#88

Post by chrisseaton »

willcipriano wrote: post #51
tyingq wrote: post #5

I suppose their employees would then be justified asking for a 25% raise?

Anyone who hasn't gotten a raise in the past year should get at least 6.2%, unless their employer is signaling to them that they value their contributions 6.2% less than last year. If you improved your skills at all, or took on additional responsibilities due to Covid 25% isn't at all a stretch, especially at dollar store wages.

> unless their employer is signaling to them that they value their contributions 6.2% less than last year

Not getting a raise doesn't mean your employer necessarily values you less - it could just mean others value you less so your employer has less competition for you.

Supply and demand. If nobody's buying hammers and the price of hammers goes down, that doesn't mean the value my hammer brings me has gone down, but if I need to buy a new hammer I pay less.

Re: Dollar Tree says US$1.25 price point to become new standard

#89

Post by qq4 »

0des wrote: post #68
tombert wrote: post #59

Earlier quoted context omitted.

> This was inevitable, but rather than maintain the status quo or even introducing shrinkflation, they should have made the jump to 2 dollars. Yeah, there's Five Below, where everything is $5 or less, and the quality of the stuff that they supply is substantially higher quality, and as a result I find it more fun to walk around there nowadays than Dollar Tree.

Not to take it too far off-topic but Five Below's wordmark/logo is deeply unsettling.

> deeply unsettling

Care to elaborate? What about the logo makes you feel this way?

Re: Dollar Tree says US$1.25 price point to become new standard

#90

Post by ajb »

Tangentially related, I always find these stores amusing:

https://www.google.com/maps/@51.5521128,0.0516247,3a,75y,157...

For those who don't want to click on the link: There is a store called "99p Plus Extra", and 3 doors down is another one called "98p Plus Extra".

It would be interesting to know whether they both started as pound stores.

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